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Modi's Only Guarantee Which Is Not A Jumla: Allow Adani–Ambani To Loot The Country

Modi's Only Guarantee Which Is Not A Jumla: Allow Adani–Ambani To Loot The Country
countercurrents.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from countercurrents.org Daily Mail and Mail on Sunday newspapers.

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wilful borrowers: FinMin studying Bombay HC order restricting PSBs from seeking look out circulars against wilful defaulters

The Finance Ministry is reviewing the Bombay High Court order banning public sector banks from seeking look-out circulars (LOCs) against wilful defaulters. The court deemed the order arbitrary and violative of a person s fundamental rights. The finance ministry is aware of the judgement and will assess it. The court held that an office memorandum empowering public sector banks to seek LOCs against default borrowers or their guaranteeees was unconstitutional. ....

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Risk Watch with Alberta Quarcoopome:  What happened to the 'God factor' in our financial services industry? the loans saga (2)

Risk Watch with Alberta Quarcoopome:  What happened to the 'God factor' in our financial services industry? the loans saga (2)
thebftonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebftonline.com Daily Mail and Mail on Sunday newspapers.

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Look Out Circulars: PSU lenders do not have the power to issue Look Out Circulars: Bombay HC

The Bombay High Court declared public sector lenders ineligible to issue Look Out Circulars (LOCs) under Central government office memoranda. While deeming this practice as arbitrary , the court upheld the constitutionality of the Central government s office memoranda. The ruling nullified all LOCs issued by public sector banks. ....

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